Chinese crypto blogger and journalist Colin Wu tweeted that the initial exchange offering (IEO) on Binance Launchpad for the Open Campus (EDU) blockchain project kicked off.
As the token sale started, Wu believes that the Binance Launchpad experienced "sudden large traffic" as a massive number of those wishing to buy EDU came over. This resulted in some users failing to see their funds displayed after they had transferred them.
Everything was fine in the end; however, after a brief delay, the blogger commented.
Earlier, U.Today reported that the chief of the Binance exchange, CZ, proudly announced the upcoming release of the EDU token on the launchpad. He reminded the community that the sale would be conducted in a subscription format, as usual, using a screenshot of users' BNB balances taken within five days — between April 23 and April 28. The latter date is today.
The initial price of EDU token is $0.05, with the total supply of EDU standing at 1 billion tokens.
The goal of the Open Campus (EDU) project was to allow teachers and all others who create educational content to monetize their work in order to make their work widely acknowledged and create an alternative method of self-education.